Greater China Stocks Rise; Shanghai Sees Largest Increase

Dow Jones
04 Nov 2024

This article was automatically generated by Dow Jones using technology from Automated Insights.

Stocks in Greater China gained on Monday.

Hong Kong's Hang Seng Index rose 0.2% to 20555.12, and China's Shanghai Composite Index gained 1.2% to 3310.21. The Taiwan Taiex index rose 0.8% to 22965.39.

Among Hang Seng constituents, Trip.com Group Ltd. was the biggest gainer during the session, gaining 4.8%, and Geely Automobile Holdings Ltd. gained 4.3%. BYD Co. Ltd. rounded out the top three movers on Monday, as shares gained 3.4%.

Zhongsheng Group Holdings Ltd. posted the largest decline among companies on the Hang Seng, falling 2.4%, followed by shares of China Resources Mixc Lifestyle Services Ltd., which fell 2.0%. Shares of Sino Biopharmaceutical Ltd. fell 1.9%.

Among large mainland China stocks, Shanghai Electric Wind Power Group Co. Ltd. A was the biggest gainer during the session, surging 20%, and Leader Harmonious Drive Systems Co. Ltd. A surged 20%. HOB Biotech Group Corp. Ltd. A rounded out the top three movers on Monday, as shares surged 20%.

Guandian Defense Technology Co. Ltd. A posted the largest decline, dropping 16%, followed by shares of Darbond Technology Co. Ltd. A, which dropped 16%. Shares of Guangxi Fenglin Wood Industry Group Co. Ltd. dropped 10%.

In Taiwan, Taiwan Environment Scientific Co. Ltd. was the biggest gainer among large companies during the session, surging 21%, and Sports Gear Co. Ltd. surged 10% HannsTouch Solution Inc. rounded out the top three movers, as shares surged 10%.

Leadtek Research Inc. posted the largest decline, dropping 9.7%, followed by shares of Jess-Link Products Co. Ltd., which dropped 9.2%. Shares of King's Town Construction Co. Ltd. dropped 7.7%.

On the currency front, the onshore yuan strengthened 0.3% against the U.S. dollar to CNY7.10 while the New Taiwan dollar strengthened 0.1% against the U.S. dollar at NT$31.89.

Data source: Dow Jones Market Data, FactSet

 

(END) Dow Jones Newswires

November 04, 2024 02:30 ET (07:30 GMT)

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